US Stock Market Daily Report — 2026-06-12
Big Picture
US stocks staged a broad rally on June 11, with all three major indices posting strong gains as oil prices retreated following President Trump's announcement that planned strikes on Iran had been called off. The S&P 500 surged +1.75–1.95%, the Nasdaq Composite jumped +2.54%, and the Dow Jones climbed +930 points (+1.86%). The VIX plummeted -12.51% to 19.44, signaling a sharp drop in market fear. However, underlying inflation pressures remain elevated — May PPI came in at +6.4% YoY and CPI crossed 4% for the first time in three years, keeping the Fed on a hawkish path with rate-cut expectations pushed out.
Index Performance
| Index | June 11 Close | Daily Change | Daily % Change |
|---|---|---|---|
| S&P 500 | ~7,394–7,409 | +127–140 pts | +1.75–1.95% |
| Nasdaq Composite | 25,809.66 | +640 pts | +2.54% |
| Dow Jones | ~50,848–50,896 | +930 pts | +1.86% |
| Russell 2000 | 2,919.38 | +84 pts | +2.96% |
| S&P 100 | 29,479.28 | +938 pts | +3.29% |
| VIX | 19.44 | -2.78 pts | -12.51% |
Sector & Asset Tracker
| Asset | Price | Change |
|---|---|---|
| Gold Futures | $4,235–4,237/oz | +2.95–3.01% |
| Silver Futures | $67.55–67.64/oz | +5.55–5.68% |
| Crude Oil WTI | $85.92–85.93/bbl | -2.03–2.04% |
| Brent Oil | $89.13/bbl | -4.26% |
| US 10Y Treasury | 4.459% | -0.04 |
| US 30Y Treasury | 4.954% | +0.04 |
| Dollar Index | 99.70 | -0.23% |
Top Stock Movers — June 11
Biggest Gainers
| Ticker | Price | Change |
|---|---|---|
| SNDK | $1,880.92 | +14.46% |
| KLAC | $2,410.26 | +12.86% |
| LRCX | $362.50 | +12.65% |
| MU (Micron) | $995.87 | +11.66% |
| ARM | $342.23 | +11.32% |
| MRVL | $280.82 | +11.18% |
| AMAT | $552.48 | +11.16% |
| INTC | $116.93 | +9.24% |
| AMD | ~+8% | +8% |
Biggest Losers
| Ticker | Price | Change |
|---|---|---|
| PTC | $118.22 | -12.48% |
| ORCL | $183.99 | -8.58% |
| ADSK | $205.42 | -7.17% |
| ADBE | $218.80 | -6.25% |
| GDDY | $75.17 | -6.37% |
| WDAY | $130.53 | -5.05% |
Key Market Themes
Iran Tensions De-Escalate: Trump called off planned Iran strikes, signaling a potential diplomatic breakthrough in Middle East negotiations. Oil prices fell sharply (WTI -2%, Brent -4.3%) as supply disruption fears eased.
AI/Semiconductor Rebound: After weeks of AI-sector volatility, chip stocks staged a broad rally. Micron +11.7%, Lam Research +12.7%, AMD +8%, Intel +9–10% (upgraded by BofA on strong CPU orders).
Inflation at 3-Year High: US CPI crossed 4% in May for the first time since 2023, driven by elevated energy prices. Wholesale inflation (PPI) rose +6.4% YoY in May — much hotter than expected. Fed rate-cut expectations have been pushed well into late 2026.
Oracle Slump: Despite an earnings beat, Oracle fell -8.6% on a cloud revenue miss and rising AI infrastructure costs — a warning sign for hyperscaler capital expenditure sustainability.
SpaceX IPO Anticipation: Markets are buzzing ahead of what could be the largest IPO in history, with the SpaceX listing expected Friday with retail order demand exceeding $100B.
Key Economic Indicators
| Indicator | Latest | Previous |
|---|---|---|
| CPI Inflation Rate | 4.20% (May 2026) | 3.80% |
| PPI (Wholesale Inflation) | +6.4% YoY (May 2026) | — |
| Fed Funds Rate | 3.75% | 3.75% |
| Unemployment Rate | 4.30% | 4.30% |
Looking Ahead
Markets face a busy week with SpaceX IPO dominating headlines Friday. Attention will shift to Fed speakers for clues on how policymakers are weighing the re-acceleration of inflation against still-resilient labor markets. The next CPI print and any developments on US-Iran diplomacy will be critical catalysts. With the S&P 500 ~3% below its all-time high of 7,620.90 and the VIX collapsing, risk appetite has recovered quickly — but stretched positioning in AI names warrants caution heading into the weekend.
Sources: Investing.com, Trading Economics, CNN Markets, Bloomberg. Data as of June 11, 2026 close unless noted. This report is for informational purposes only and does not constitute financial advice.